88,562 Walmart Inc. $WMT Shares Purchased by Park National Corp OH

Key Points

• Park National Corp OH increased its Walmart stake by 282.9% in the third quarter, purchasing 88,562 additional shares and bringing its holdings to 119,865 shares valued at approximately $12.46 million. Institutional investors collectively own 26.76% of Walmart.
• Walmart’s latest quarterly results exceeded expectations, with adjusted EPS of $0.81 versus the $0.74 consensus estimate and revenue of $187.94 billion, up 5.9% year over year.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $131.74, although several firms recently lowered their targets. Meanwhile, insiders sold 81,219 shares worth about $8.6 million over the past three months.

Park National Corp OH increased its stake in Walmart Inc. (NASDAQ:WMT - Free Report) by 282.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,865 shares of the retailer's stock after purchasing an additional 88,562 shares during the period. Park National Corp OH's holdings in Walmart were worth $12,456,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. MFA Wealth Services raised its position in Walmart by 0.7% during the first quarter. MFA Wealth Services now owns 10,909 shares of the retailer's stock valued at $1,356,000 after purchasing an additional 80 shares in the last quarter. Realta Investment Advisors boosted its stake in shares of Walmart by 2.0% in the 1st quarter. Realta Investment Advisors now owns 4,089 shares of the retailer's stock valued at $508,000 after purchasing an additional 81 shares in the last quarter. Compton Financial Group LLC grew its holdings in shares of Walmart by 4.1% during the 1st quarter. Compton Financial Group LLC now owns 2,081 shares of the retailer's stock valued at $259,000 after purchasing an additional 82 shares during the last quarter. Advocacy Wealth Management LLC lifted its stake in Walmart by 2.5% in the fourth quarter. Advocacy Wealth Management LLC now owns 3,392 shares of the retailer's stock worth $378,000 after purchasing an additional 84 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC boosted its position in Walmart by 0.3% during the first quarter. Strait & Sound Wealth Management LLC now owns 25,443 shares of the retailer's stock valued at $3,162,000 after buying an additional 84 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walmart news, CEO John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $106.66, for a total transaction of $1,399,912.50. Following the sale, the chief executive officer owned 647,912 shares in the company, valued at approximately $69,106,293.92. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Nicholas sold 2,900 shares of Walmart stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $106.65, for a total transaction of $309,285.00. Following the transaction, the executive vice president directly owned 566,253 shares in the company, valued at $60,390,882.45. This represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 81,219 shares of company stock worth $8,604,429. Corporate insiders own 0.09% of the company's stock.

Walmart Stock Performance

NASDAQ WMT traded up $0.54 during trading hours on Monday, hitting $104.80. 7,202,960 shares of the company's stock traded hands, compared to its average volume of 25,266,971. Walmart Inc. has a 52 week low of $98.88 and a 52 week high of $135.15. The firm has a market capitalization of $831.43 billion, a P/E ratio of 37.85, a P/E/G ratio of 3.98 and a beta of 0.58. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41. The business's fifty day moving average price is $108.81 and its two-hundred day moving average price is $116.89.

Walmart (NASDAQ:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The business had revenue of $187.94 billion for the quarter, compared to analysts' expectations of $186.64 billion. During the same quarter last year, the company posted $0.68 EPS. The company's revenue was up 5.9% compared to the same quarter last year. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Equities research analysts predict that Walmart Inc. will post 2.87 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WMT shares. UBS Group dropped their target price on Walmart from $141.00 to $130.00 and set a "buy" rating for the company in a report on Friday, August 21st. Oppenheimer reiterated a "market perform" rating on shares of Walmart in a research report on Tuesday, August 25th. JPMorgan Chase & Co. lowered their price objective on Walmart from $137.00 to $125.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. TD Cowen reiterated a "buy" rating on shares of Walmart in a research note on Friday, August 21st. Finally, Raymond James Financial reissued an "outperform" rating and set a $130.00 price objective on shares of Walmart in a research note on Friday, August 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $131.74.

Walmart Profile

Walmart Inc NASDAQ: WMT is a multinational retailer that operates supercenters, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its merchandise includes groceries, apparel, electronics, home goods, health and wellness products, household essentials and general merchandise. Walmart also provides services such as grocery pickup and delivery, pharmacy services, financial products and digital advertising.

The company serves customers through its Walmart U.S., Walmart International and Sam's Club segments.

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